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World Economic Forum

World Economic Forum

Spirit of Davos

Mission: improve the world

"The place where leaders meet" (Prof. Dr. Klaus Schwab)! The annual World Economic Forum (WEF), involving around 3,000 internationally known, leading economists, politicians, scientists and businessmen, is the flagship of Davos as a meeting place. The annual meeting of the WEF shows the “Spirit of Davos” to the whole worldDebating approaches to solutions, networking in a village atmosphere but a city infrastructure, in imposing mountainous surroundings.

The World Economic Forum (WEF) is a charitable foundation, primarily known for its annual meeting which takes place in Davos. At this meeting in the modern Davos Congress Centre, international leading economists, politicians, intellectuals and media representatives come together to discuss the latest global issues. Over the course of the forum, various other meetings are organised for the rest of the year, and research reports are published. It also has regional offices in Peking and New York.

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The annual meeting 2013 A Glimpse

The beginnings

In 1971  Klaus Schwab, then professor of business policy at Geneva University, invited 444 company leaders from Western Europe to the first "European Management Symposium," which was held at Davos Congress Centre.Under the patronage of the European Commission, Professor Schwab intended to make European companies with management practices known in the United States.For this purpose, he founded the "European Management Forum" as a not-for-profit foundation based in Geneva, and invited leading business representatives to Davos in January every year for the annual conference. 

Opening for politics

The European Management Forum changed its name to the World Economic Forum in 1987 and aimed to widen its vision and develop itself into a platform to resolve international conflicts. Since then, leading politicians have used Davos as a neutral platform. The "Davos Declaration", which prevented a war in Greece and Turkey at the last minute, was signed by both countries in Davos in 1988. The conference in 1992 was the first time that South African President Frederik Willem de Klerk, Nelson Mandela and Mangosuthu Buthelezi travelled outside of Africa together. Shimon Peres, the Israeli Foreign Minister and PLO Chairman Jassir Arafat signed a draft treaty on Gaza and Jericho.

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